Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
Proposed Broadcasting Act changes may raise $800M from streaming services
Measures are meant to ensure online streaming platforms experiencing booming revenues face the same regulations as traditional broadcasters, which have seen profits decline in recent
Five Canadian business stories to watch this week
A preview of the national stories that will be making headlines in the days ahead.
Nokia profit up, new CEO pledges to boost 5G investments
New CEO says Nokia will do “whatever it takes” to achieve 5G leadership; plans reorganization of company into four business units.
Freeland says aid needed, but not infinite, as central bank targets 2022 for recovery
Central bank holds overnight rate target at 0.25%, which is where it will stay until the economy has recovered.
HBC sues landlord Oxford Properties Retail Holdings, claiming failure to run ‘first class’ malls
The retailer is seeking a declaration that it does not have to pay rent until the landlord fixes the issues
PM says budget update won’t have fiscal anchor, suggests one coming after crisis over
Trudeau said it would be premature to lock in a spending anchor while the country is still dealing with the pandemic.
Clothing retailer Le Chateau files for CCAA protection, plans to close its doors
Montreal-based retailer has spent much of the COVID-19 pandemic trying to refinance or sell its business to a third party that would keep it in
Five Canadian business stories to watch next week
A preview of some of the national business news that will be making headlines in the days ahead.
Rogers Communications shares up after Q3 results top expectations
Wireless service revenue fell nine per cent from the third quarter of 2019, mainly due to less overage revenue.
Restaurants in Ottawa, Toronto doubt cold-weather patios will save the industry
Vittoria Trattoria plans to fight $880 fine levied last week for not having enough patio tent panels open.
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Didn’t we just do this? More changes coming to the Ontario Construction Act
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